Eurozone Industry May 2019

Eurozone

Eurozone: Industrial output rebounds in May

July 12, 2019

Industrial output rebounded in May, after recording two contractions in a row. Industrial production increased a seasonally-adjusted 0.5% over the previous month, contrasting April’s revised 0.4% contraction (previously reported: -0.5% month-on-month). The result overshot market expectations of a 0.2% rise.

The upturn was driven by chiefly rebounds in the output of capital and consumer goods. Looking at the individual economies for which data is available, 9 economies saw industrial production rebound in May, including Germany and France.

On an annual basis, industrial production fell 0.5%, a larger drop then April’s 0.4% decrease. Annual average variation in industrial production slumped to minus 0.3% in May from April’s minus 0.1%, marking the worst result in over five years.

FocusEconomics Consensus Forecast panelists see industrial production expanding 0.3% in 2019, which is unchanged from last month’s forecast. For 2020, panelists see industrial production growth at 1.3%.


Author: Angela Bouzanis, Lead Economist

Sample Report

Looking for forecasts related to Industry in Eurozone? Download a sample report now.

Download

Eurozone Industry Chart


Euro Area Industry by country May 2019

Note: Month-on-month var. of seasonally-adjusted industrial production and annual average growth rate in %. Data for Austria, Belgium and Cyprus refers to April.
Source: Eurostat


Eurozone Economic News

More news

Search form